Eagle Rock Energy Partners LP and Apache Corp. have struck a new fee-based gas gathering, processing and purchasing agreement in support of Apache’s drilling in the Texas Panhandle. Apache has dedicated all existing and future wells drilled within an area encompassing more than 106,000 gross acres in Hemphill, Lipscomb, Ochiltree, Roberts, Hansford and Sherman counties under market-based terms. The agreement supersedes and expands on previous agreements between Eagle Rock and Apache. The dedicated acreage covers the Granite Wash, Hogshooter, Tonkawa, Marmaton and Cleveland plays in the Anadarko Basin. The associated Apache production will be gathered and processed at one or more of the partnership’s cryogenic processing plants in the Panhandle. Eagle Rock’s Panhandle assets consist of 6,500 miles of gathering pipeline and more than 480 MMcf/d of processing capacity, with an additional 60 MMcf/d of processing capacity expected to come online in the second quarter.
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Colorado City Bans Fracking, Despite Governor’s Warning
Despite the threat of legal action from Gov. John Hickenlooper, the city council of Fort Collins, CO, has adopted a resolution banning hydraulic fracturing (fracking) within city limits.
Continental Pledges to Reduce Flaring in Bakken
Responding to a shareholder resolution earlier this year, Continental Resources Inc. said it plans to reduce flaring of associated natural gas at its oil wells in the Bakken Shale to “as close to zero percent flaring as possible.”
Industry Brief
A round of public forums on California’s discussion draft regulations on hydraulic fracturing have begun in Los Angeles and will continue with a second workshop scheduled to be held March 13 in Bakersfield, CA, by the Division of Oil, Gas and Geothermal Resources. Jason Marshall, chief deputy director of the state’s Department of Conservation, said “interesting and helpful comments” were obtained at the Los Angeles session Feb. 19. Marshall said the goal is have new regulations in place in the next 12-18 months. In the upcoming workshop, the discussion draft rules will be broken into seven parts, with four parts discussed in morning sessions and three in the afternoon. The final session will allow for public comments and questions. A third workshop will be held in Sacramento later this year.
Shales Help Push Lower 48 Production Up 1% from Year Ago
Natural gas production in the Lower 48, boosted by output from shale plays, was up to 72.70 Bcf/d in December, almost 1% (0.62 Bcf/d) over December 2011, but down 1.1% (0.83 Bcf/d) compared with November, according to the most recent data from the Energy Information Administration (EIA).
Newfield Narrowing Focus to U.S. Unconventional Liquids
Newfield Exploration Co. is considering the sale of its international assets, which consist of offshore oil and natural gas developments in Malaysia and China, the company said.
Newfield Narrowing Focus to U.S. Unconventional Liquids
Newfield Exploration Co. is considering the sale of its international assets, which consist of offshore oil and natural gas developments in Malaysia and China, the company said.
PJM Data Show Growing Interest in Gas-Fired Generation
Over the last two years nearly 70% of the new power generation plants proposed for the 13-state PJM Interconnection electric grid, which centers on the Marcellus and Utica Shales, would be fired by natural gas.
German E.On Group Plans U.S. Electric & Gas Trading
German energy giant E.ON Group will be opening an office in Chicago later this year to trade in the U.S. physical natural gas and power markets.
Uptick in California Oil Production Coming, Oxy CEO Says
It won’t happen this year, but starting in 2014 there should be a sharp increase in oil production in California, according to Occidental Petroleum Corp. (Oxy) CEO Steve Chazen, speaking last Thursday on a year-end quarterly earnings conference call.
